Tag Archives: employer

Your employees can enjoy the benefit of paying their long-term-care insurance premiums tax free — if you offer a Health Savings Account (HSA). Funded with employees’ pre-tax dollars, HSAs are not subject to taxes when withdrawn for qualified medical expenses. Employers can only offer HSAs if the HSA account is tied to a high deductible…

Although the U.S. economy is strong and the stock market continues to rise, most employees are worried about the future. Purchasing Power, a specialty e-retailer for organizations, reports that 87 percent of full-time employees or their spouses are stressed about their finances — with insufficient retirement savings near the top of the list. MassMutual, a…

The Internal Revenue Service (IRS) recently announced in Revenue Procedure 2018-34 that the Affordable Care Act (ACA) affordability indexed amount under the Employer Shared Responsibility Payment (ESRP) requirements will be 9.86% for the 2019 plan year. The increase from the 2018 amount (9.56%) is the largest percentage increase to date for affordability under the ESRP…

Do you have employees who are depressed, anxious or addicted to alcohol or drugs? If so, do you know what to do? In 2015, the American Psychological Association reported that a quarter of surveyed employees felt some level of depression or anxiety. These mental health issues can adversely affect a company through absenteeism, presenteeism (the…

A particularly virulent influenza strain, H3N2, was responsible for a record number of illnesses, hospitalizations and deaths this winter. U.S. health officials say that flu-related hospitalizations were the highest they’ve been in 10 years. The Centers for Disease Control and Prevention estimated that there were almost 82 laboratory-confirmed influenza-associated hospitalizations per 100,000 population, breaking records…

On December 20, 2017, the House and Senate sent President Trump the Tax Cuts and Jobs Act for signature. The House of Representatives passed their version of the bill on November 16, 2017 while the Senate passed their version on December 2, 2017. Because the versions were not identical, a Tax-Bill Conference Committee was formed…

As an employer you are in a unique position to offer your employees an easy way to purchase a valuable benefit, costing them less than if they purchased it on their own. We’re referring to employer-sponsored life insurance. Your employees get the peace of mind that their loved ones will be protected from financial ruin…